India is the second-largest country in the world in terms of population, with more than 1.3 billion people. Needless to say, this makes it one of the most attractive destinations for online gambling websites.
There are all sorts of popular sports in the countries, but the crown has to go to cricket. Many of the people who watch this fantastic sport also like to bet on it, so leading betting websites come up with exclusive promotions, odds, and other cool benefits.
Before you take a look at those things, there is something vital that you need to check out, and that’s the different payment methods. Unfortunately, most online bookmakers don’t offer any free bets, which means that the only way to enjoy your favorite hobby is by making a deposit.
With that said, let’s take a look at which are the most popular payment methods for online sports betting in India.
Debit/Credit Card
We think that a debit/credit card is the most popular deposit and withdrawal option. If you look at all betting sites available in India, you will see that almost every operator will allow you to fund your account using your Visa or MasterCard.
The most significant advantage of using this payment method is that you don’t need to create any other accounts. You just have to enter your card’s information, and you will be able to fund your account right away. However, if you decide to withdraw your winnings with it, you might have to wait for at least a few hours (in most cases), so keep that in mind.
Digital Wallets
Besides credit/debit cards, many Indian bettors like using e-Wallets. Ever since these things were invented, people have been utilizing them for all sorts of things. That’s why most online bookies have added them as a payment option.
If you decide to use an e-wallet, you should be able to make an instant deposit and withdrawal. However, some betting operators might have specific rules that you need to comply with, so go through the T&C if you need any additional information about the different options.
There are all sorts of digital wallets that you can choose from, but the most popular ones are Skrill, Neteller, ecoPayz, and PayPal.
Bitcoin & other cryptocurrencies
The last option will definitely become way more popular in the future, especially in countries such as India. Although cryptocurrencies have been around for some years now, they weren’t that popular. However, once Bitcoin became so expensive, things changed.
Nowadays, there are all sorts of cryptocurrencies that you can choose from, and most bookmakers have added them to their payment sections. Besides being fast, they are safe to use, which makes them ideal for online betting.
One of the most important things you need to do is look at each cryptocurrency’s minimum requirement. Don’t forget that their value changes all the time, so check how much they’re worth before you make a deposit.
